China's Ministry of Finance and the People's Bank of China held the second leaders’ meeting of their joint working group, focusing on strengthening coordination between fiscal and monetary policy and reviewing progress since the mechanism was set up last year. The meeting discussed financial market conditions, management of government bond issuance, the central bank’s government bond purchase and sale operations, and improvements to the framework for issuing offshore renminbi government bonds. Deputy Finance Minister Liao Min and Deputy Governor Zou Lan attended and delivered remarks. Both sides agreed to continue using the joint working group to deepen cooperation and coordination, with a focus on supporting the stable and orderly development of China’s bond market and improving policy implementation.
Central Bank of the Republic of China 2025-09-03
China's Ministry of Finance and the People's Bank of China convene second joint working group meeting on fiscal and monetary policy coordination
China's Ministry of Finance and the People's Bank of China convened the second leaders’ meeting of their joint working group to enhance coordination between fiscal and monetary policy. Discussions included financial market conditions, government bond issuance management, and offshore renminbi bond framework improvements. Both parties committed to using the group to further cooperation and support stable bond market development.